Where and How to Buy ApeCoin in 2022 – A Beginner’s Guide

Where to buy ApeCoin

Read the below method using which you can find your desired cryptocurrency exchange that you can use to purchase ApeCoin in 2022.

Step 1: Search for the Exchange

Very limited exchanges are offering APE for trading and the best place to find these exchanges are CoinMarketCap or Coingecko. In this guide we are using Coingecko but the process is same for the other.

Go to Coingecko.com and search for the ApeCoin (APE) coin in the search bar located at top right side of the menu. The page contains all the information related to ApeCoin, scroll down until you see a menu containing options like overview, Markets, Charts, Click on "Markets Tab".

Here you will see a list of available crypto exchanges, where you can buy APE.

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Step 2: Choose an appropriate Exchange

Before purchasing ApeCoin, properly examine the benefits and drawbacks of various trading platforms to choose which one best fits your financial objectives. And, of course, trade with caution. Only invest spare cash that you can afford to lose.

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Step 3: Complete your Order

Now that you have selected your required crypto platform, its time to complete your APE purchase. The process involves 3 simple steps:

  1: Register on the exchange

You should have an account on your selected exchange. If you have already created one that’s good. Crypto exchanges offer two options to create an account by using email or mobile. Choose your option and enter your personal information like name, email, mobile, address etc.

Ensure that you agree to the terms and rules. Your account will be established after successfully completing the form and receiving a follow-up email or mobile verification.

Note: Most of the exchange platforms require you to verify your National I.D. Just follow the instructions from the exchange to get yourself verified.

  2: Add Funds

Login to your newly created account and add funds using credit or debit card or any other available payment method. If you want to buy Tron using other cryptocurrency, transfer it to the exchange using “deposit option”.

  3: Invest in ApeCoin

Now that you have everything to purchase ApeCoin (APE). Go to the market page on the exchange and search for APE, buy it using your added cryptocurrency or fiat.

Congratulations! You are now the proud owner of ApeCoin.

The preceding is an opinion and is provided solely for informational reasons. It is not intended to be financial advice. Seek investing advice from a fully licensed specialist.

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Buy ApeCoin on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy ApeCoin (APE) easily.

1. PancakeSwap (v2)

PancakeSwap is the most popular and widely used AMM for staking and yield farming. The exchange's trade volume exceeds $650 million. PancakeSwap is now the largest project running on BSC, and this momentum is anticipated to continue even if DeFi gains traction.

Still, adding PancakeSwap to a BSC is a significant step in the right way since it lets customers to engage in DeFi without worrying about expensive transaction fees or sluggish transaction speeds. While the market remains unpredictable and dynamic, the PancakeSwap team is working hard to provide an open and transparent platform that provides a number of ways to profit from crypto assets. There is also an emphasis on enhancing user experience in order to enhance platform usage, even among new users.

PancakeSwap (v2) Pros

• Pools and farms benefit from high APR/APY returns.
• Lower transaction costs than Uniswap.
• A diverse assortment of items.
• With an active community and developers, has more daily transactions than Uniswap.

PancakeSwap (v2) Cons

• Possible loss in liquidity pool.
• Prediction and the lottery might easily result in a loss of dollars (gambling).
• Because of its popularity, the network may get clogged.
• Many token scams are a possibility.

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Uniswap (v3)

Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.

The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.

Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.

Uniswap (v3) Pros

• It maintains your anonymity because it does not require KYC or registration.
• You have complete control over your tokens.
• On Uniswap, users may exchange flash swaps.
• Transaction costs are split between Uniswap and liquidity providers for maintaining a healthy growth rate.

Uniswap (v3) Cons

• It only supports ECR-20 tokens.
• The frequency of bogus tokens as a result of open listing.
• Flash swaps can result in cyber-attacks.

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Conclusion

Choosing the best cryptocurrency platform for ApeCoin (APE) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.

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